Country: China
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Sorry South Africa, China’s Not Going to Finance a New Joburg-Durban High-Speed Railway
Chen Xiaodong, China’s ambassador to South Africa, recently caused a small flurry of press coverage by seeming to imply that China could be moving towards funding a high-speed rail link between SA’s economic heartland, Gauteng, and Durban, its most important harbor. ...
Chinese Lending to Africa Isn’t Ending, But It Is Changing: Here’s How
The Wire China recently interviewed Deborah Brautigam, one of the world’s leading experts on Chinese lending to Africa. In their wide-ranging conversation, Brautigam referred to a few emerging trends of how Chinese financing is shifting: Deborah Brautigam on Emerging Trends in Chinese ...
New Insights on How BRI Funding is Changing
Several recently-published research projects added crucial new insights on Chinese lending patterns in Africa. The findings of two of these projects were unpacked by the researchers. These discussions are now available on YouTube. Key Highlights From Recent Webinars on Chinese Lending
COVID Lockdowns Scrambling Strategic Metals Sector
Disruptions caused by COVID-19 lockdowns in China, the Ukraine war and the ongoing crisis at the South African port of Durban are roiling the strategic battery sector, used for e-vehicles. While prices are falling in the short term due to pandemic restrictions, stocks for battery companies show that in the ...
U.S. Senator’s Widely-Held Misunderstanding of the U.S. Response to Chinese Development Financing in Africa
For some reason, the Foreign Policy Association last week published a 2020 clip of U.S. Senator Tim Kaine explaining how the U.S. planned to compete with China in development finance in Africa: ...
Chinese Troops in Djibouti Compete in a Military Skills Competition (That Also Made For a Cool Music Video)
Chinese troops in Djibouti recently (they didn't specify precisely when) held the "East African Warriors" military skills competition and leveraged the event to make a Wolf Warrior II-style music video that was no doubt a big hit among viewers back home. ...
Mounting Public Anger in Nairobi Over the Perception of Infrastructure “Apartheid”
While there's palpable excitement in Kenyan capital about the imminent opening of the new 27-kilometer Nairobi Expressway there's an equal amount of "anger, resentment, despair, and frustration" about the impact the new highway is having on the road below. People are ...
No, Kenya Airways and China Road & Bridge Corp. Aren’t Teaming Up to Hire New Personnel
Kenyan scammers posted a fake job ad that claimed Kenya Airways has partnered with the China Road and Bridge Corporation to hire cleaners, toll attendants, and clerks. More than a dozen positions were advertised all with relatively generous salaries. But there ...
The Case for Cooperation Between Chinese and Western Development Finance Institutions
By Oyintarelado (Tarela) Moses Chinese lenders participating in the Belt and Road Initiative (BRI) conduct business within a broader ecosystem of financing for development. This complex web of actors work in a coordinated credit space, comprising development finance institutions, commercial ...
China’s New ‘Global Security Initiative’ Promoted in Africa
China is planning a new international security architecture. And while few have any clear idea of what it will entail, it’s already being promoted in Africa. The “Global Security Initiative” was announced during Xi Jinping’s address to the Boao Forum on ...
Tussle Underway Among China, South Africa, and France to Co-Chair Zambia’s Creditor Committee
Sharp elbows are out among countries vying to help lead Zambia's newly-energized debt restructuring process, following China's announcement last week that it plans to join a new creditor's committee. Soon after Chinese officials announced their intent to join the committee, they indicated ...
Ed Cropley: There’s a Lot More at Stake For China in the Zambian Debt Talks Than Just Getting Repaid
While Zambia's $5.8 billion of outstanding debts to Chinese creditors is indeed a lot of money, getting fully repaid may not be the primary concern for policymakers in Beijing, said Reuters Breakingviews columnist Ed Cropley in his latest opinion video: "The ...